Our Variable Interest Rates are Changing on 19th December 2023

After a current review of our position, we will be implementing a marginal increase to our variable home loan rates.

Despite not applying the November RBA increase to our new to bank variable home loan lending negotiating the ongoing challenges of the market require continual review .
After a current review of our position, we will be implementing a marginal increase to our variable home loan rates.

Effective from Tuesday 19th December 2023 the following changes outlined below will be applied:

What is Changing?

New to Bank Home Loan rates that will increase:

Owner Occupied and Investment Basic Variable loans - increasing by 0.10%
Owner Occupied and Investment Freedom Package Variable loans - increasing by 0.15%
Comparison rates for all New to Bank Fixed rate loans

What is Not Changing?

Home Loan, Business Loan and Personal Loan Reference Rates.
Owner Occupied Home Loan Plus (Bridging Loan) Standard Variable IO rate.
Owner Occupied & Investment Home Loan Fixed Rates available to new customers.
Owner Occupied & Investment Home Loan Fixed Rates available to existing customers.
Owner Occupied & Investment Line of Credit Variable Rates.
Personal Loan Fixed Rates available for new customers.
Low Rate Visa Credit Card Interest Rate.
Low Rate Visa Credit Card Balance Transfer offer of 0% for 12 months.

Continuing Campaigns

Investor Bonus Campaign - receive 0.20% discount when Owner Occupied loan is also brought to Auswide
Home Guarantee Scheme Spring Campaign - $0 application Fee OR 2yr Package Fee waive is still available

What are the new Owner Occupied & Investment Rates?

The new to bank home loan rates for variable loans will be available on the Broker Website from 19th December, 2023. Communications have been sent to all accredited brokers and aggregators with the upcoming rates.

Exclusions:

Any offers listed above are not available on the following:

Existing customers loans
Loans to overseas residents
Please refer to our Home Loan Rate Information Guides for any new loans with the above purposes.

Things you need to know

Home Guarantee Scheme (HGS) applicants are only eligible for the 70.1% to 80% LVR band (includes Basic Home Loan rates, Freedom Package Variable & Fixed rates).
For Existing Home Loan Customers who wish to fix their loan, refer to the new Existing Loans – Switch to Fixed/Refixing interest rate schedule.
Updated Home Loan Key Facts Sheet will also be available from Tuesday 19th December 2023
Updated downloadable Rate Information Guides with full details for all of our current interest rates for Owner Occupied and Investment Home loans will be available here from Tuesday 19th December 2023.

Fixed Rate Home Loans:

For fixed rate loans, the standard fixed rate process will always apply. Please refer to the Fixed Rate and Rate Lock Information Guide available from the broker website for more information. Rate Lock is not available for pre-approval loan applications.

Impact on existing home loan applications in our pipeline:

1. Applications quoted but not yet received (loans not yet submitted as at midnight 18th December 2023):

FIXED (Not Changing)
VARIABLE (Rates Increasing) - Interest rate will be the new interest rate applicable from the 19th December 2023.

2. Applications received prior to midnight 18th December 2023, but not yet approved (does not include pre-approvals):

FIXED (Not Changing)
VARIABLE (Rates Increasing) – The rate applicable and discount quoted will be the rate and discount quoted prior to the 19th December 2023, provided application and full supporting documents are received at time of submission. A reminder that we require 'wet' signatures on application/document pack forms.

3. Applications Approved (includes loans approved prior to midnight the 18th December 2023 (documented or not yet documented):

FIXED (Not Changing)
VARIABLE (Rate increasing) – The rate applicable and discount quoted will be the rate and discount quoted prior to the 19th December 2023.

4. Loan Applications that have settled:

FIXED – There is no impact to loans that have settled.
VARIABLE – There is no impact to loans that have settled.